USD/CAD Outlook for August 2025: Downside Risks Rise Amid Economic Data and Oil Market Fluctuations
USD/CAD is showing consolidation near 1.3350 amid key economic data and mixed central bank signals. The Fed’s cautious outlook contrasts with the Bank of Canada’s hawkish stance, while volatile oil prices add further uncertainty. Technical indicators suggest limited momentum, pointing to a possible downside move if Canadian fundamentals and oil remain supportive. Traders should watch for rate decisions and geopolitical developments in the coming weeks. Analysis by Christopher Lewis, DailyForex.com.
